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Fazenda increases inflation estimate to 3.9% in 2024

Summary by EBC
The Economic Policy Secretariat (SPE) of the Ministry of Finance increased the estimate of inflation for the National Consumer Price Index (INPC) this year from 3.7% to 3.9%. The forecast is part of the Macroeconomic Bulletin, released on Thursday (18). In relation to Gross Domestic Product (GDP, sum of all economic output), the document maintained a growth projection of 2.5% for 2024. The projection for INPC is within the inflation target for t…
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